Chinaccelerator Daily Digest 5/17/2019

Overseas:

1.  Amazon close to buying a stake in UK’s food delivery app Deliveroo

2. SoftBank leads $484 million investment in online travel start-up GetYourGuide

3. Rivals in gaming, Microsoft and Sony team up on cloud services

4. Ticketmaster put an end to screenshots with new digital ticket technology

5. MultiVu raises $7M seed round for its next-gen 3D sensor

6. OpenFin, which provides the operating system for the financial services industry, raises $17 million for its OS for finance

7. Mobile ticketing company TodayTix raises $73M in new funding

8. Replex gets $2.45M seed round to help track cloud native spend

9. Retail Zipline, for communication improvement between retail stores and corporate decision, makers raises $9.6M

10. Freelance marketplace Fiverr files to go public, reports revenue of $75.5M and a net loss of $36.1M for 2018

 

China:

1. China embraces use of proptech to improve office design and efficiency

2. Alibaba projects $72b in annual revenue despite US-China trade war

3. Baidu forecasts quarterly revenue below estimates, shares fall

4. Alibaba invests about $635M in Red Star Macalline, one of China’s largest furniture sellers

5. China’s Tesla wannabe Xpeng starts ride-hailing service

6. TikTok tops the iOS App Store for the fifth quarter in a row

7. Beijing Line 16 subway became the first subway line covered with 5G network in China.

8. Smart video product cloud platform OnVideo raised 15 million in a series A round

 

Cross-border:

 

Blockchain:

1. Several of the world’s largest banks to invest around $50 million in digital cash settlement project 

2. Blockchain payments startup Terra raises funds from LuneX Ventures

 

Emerging Market:

1. Vertex Ventures hits $230M first close on new fund for Southeast Asia and India

2. Temasek-backed Reefknot Investment to invest up to $100m in logistics, supply chain startups

3. YouTrip, a challenger bank in Southeast Asia, raises $25.5M for expansion

4. E-commerce unicorn Tokopedia in talks to acquire wedding marketplace Bridestory, source says

5. Ride hailing company Ola launches credit card

 

Image credit: SCMP

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